The Effects of Rounding on the Consumer Price Index

Abstract

The Bureau of Labor Statistics rounds the Consumer Price Index (CPI) to a single decimal place before releasing it, and the published CPI inflation series is calculated from those rounded index values. While rounding has only a relatively small effect on the level of the CPI series at present, it can have a significant effect on CPI inflation, the monthly… (More)

Topics

9 Figures and Tables

Slides referencing similar topics